If you plan to invest in wine in order to make money in a short period of time, then you’ll be disappointed. Wine investing can be highly profitable, but it takes a few years before you reap the harvest. The good thing is that it can be a truly enjoyable way of investing money, provided that you’re passionate about wines yourself.
1. The Best Investors are Connoisseurs
Most people who invest in wine are not into it because of the money, but because they love wines. The financial side must not be disregarded – you can make a lot of money by reselling fine wines – but if making money is your only objective, then you may better direct your attention to a different other investment area such as properties, which can bring money much quicker. Investing in wine is a bit of a lofty undertaking, and if you’re not keen about it you may lose your interest on the way.
2. Renowned Wines are Always in Demand
For a new investor it’s often easier to start with wines that are in vogue, because they tend to be more affordable. However, such wines are only in demand for a limited period of time, and after that period is past, they tend to become unsellable. Renowned wines, on the other hand, always sell, even when they don’t taste that well. Keep in mind that many fine wine buyers know little about wines except the brand – they may enjoy drinking them, but they mainly buy them because of vanity. Compare The Financial Markets leaders in Fine Wine Investments.
3. Extravagant Labels are the Best Investment
Wine investing in fine bottles that come from famous makers, such as the châteaux in France, is so expensive that only few can afford it. But it’s also the safest. As mentioned above, the renown of the maker counts sometimes much more than the wine. Moreover, don’t underestimate the bottle itself – a gold embossed label can raise the price dramatically, even if the content it holds is not that extravagant.
As in all things, when purchasing fine wines for investment, advice should be sought from experts.
Choosing the best wine investment can be difficult, so careful consideration is crucial. Your questions on the best wine investments will be answered by our industry experts, free of charge.
Best Wine Investments for 2018
- How much do you have to invest?
- How long do you want to invest for?
- When do you require a return on investment?
To help you through the multitude of choices, enter your details below and let the Compare The Financial Markets experts find the best wine investment for you.